Investor Incentive

For a limited time get up to 2% cash-back bonus on your investments.

Seize the blooming season and add to your investments. It’s easy, just deposit and invest a minimum of $1,000 in New Funds* between April 15, 2024 to June 30, 2024 to earn your cash-back bonus.

Cash-back bonus tiers

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diversify your portfolio

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We’re here to help you every step of the way. Reach out with any questions.

*This offer is subject to the Terms and Conditions listed below.

All Notes offered by Prospectus.

Offer Terms and Conditions

The offer period for this promotional offer starts on April 15, 2024 at 12:00am (PST), and ends on June 30, 2024 at 11:59pm (PST) (the “Promotional Period”).

This offer is valid for (a) Prosper IRA accounts into which New Funds are deposited and invested by June 30, 2024 at 11:59pm PST, and (b) Prosper General Investing Accounts into which New Funds are deposited and invested by June 30, 2024 at 11:59pm PST. All bonus funds will be paid as an account credit to your Prosper General Investing Account by July 31, 2024.

For purposes of this offer, “New Funds” means the amount of net increase in the Available Cash in an eligible Prosper account (as displayed on the Summary account page of your Prosper account) resulting from the deposit (in one or more deposits) of funds from an external source, such as a contribution, direct transfer, or rollover from an IRA custodian, less any withdrawals of Available Cash, as measured on April 15, 2024 at 12:00am (PST) and July 1, 2024 (PST) at 12:00am (PST). “New Funds” do not include any amounts of principal and interest received on Notes held in the eligible Prosper account during the Promotional Period. Any funds transferred out of the eligible Prosper account during the Promotional Period will result in an equivalent reduction in the Prosper account’s total amount of “New Funds” for purposes of determining the qualification for and amount of the bonus.

For purposes of this offer, “invest”, “investment”, “invested”, or “investing” means New Funds that (i) have been used to purchase Notes through the Prosper platform by June 30, 2024 at 11:59pm (PST), or (ii) have been committed to loan listings on the Prosper platform that are pending origination as of June 30, 2024 at 11:59pm (PST).

To qualify for the 1.0% cash back offer, New Funds in the amount of $1,000 or more must be invested during the Promotional Period. To qualify for the 1.5% cash back offer, New Funds in the amount of $5,000 or more must be invested during the Promotional Period. To qualify for the 2.0% cash back offer, New Funds in the amount of $10,000 or more must be invested during the Promotional Period.

This offer is account specific and non-transferrable. One bonus offer per account. Account balances existing prior to 12:00am (PST) on April 15, 2024 will not be considered in determining qualification for and the amount of any bonus described in this offer.

Bonuses and account credits may be subject to U.S. withholding taxes and any taxes related to the bonus or credit are your responsibility. Prosper does not provide investment advice, and the information presented here is not intended to be investment, tax, or legal advice. You should consult your tax professional regarding limits on contributions, depositing and rolling over qualified funds, and to determine whether an IRA may be the right choice for you. This offer may be changed or discontinued at any time without notice.

Offer Reference Code: Cash Bonus Offer (Spring 24)

Footnotes

1. Weighted average historical return for loans originated through Prosper as of Mar 31, 2024. To be included in the historical return (“Historical Return”) calculation, the loan must have originated (a) on or after July 1, 2009, and (b) at least 12 months prior to the calculation date. Historical Returns are based on actual payments (other than principal) received by the investor net of fees and losses (including from charged-off loans). We calculate the Historical Return for loans originated through Prosper as follows. First, loans are separated into distinct “Groups” based on the specific month and year in which they were originated and their Prosper Rating at origination. For each Group, we calculate: (a) the sum of the interest paid, plus late fees, minus servicing fees, minus collection fees, in each case on active loans, plus net recoveries on charged-off or defaulted loans, plus net debt sale proceeds on sold loans, minus gross principal losses; divided by (b) the sum of the principal balances outstanding on active loans at the end of each day since origination. We then annualize the result to get the “Historical Return” for the Group. Once this calculation is performed for every Group, we compute the cumulative outstanding principal dollar weighted average of their Historical Returns. This gives us the “weighted average Historical Return” for loans originated through Prosper. For purposes of this calculation, “active” means loans that are either (i) current in payments or (ii) delinquent, provided that delinquent loans that have charged-off or are in default are not considered active. Loans that have paid off are also not considered active.

The Historical Return calculation (a) is updated monthly; and (b) excludes the impact of servicing related corrective non-cash adjustments that may modify the outstanding balance or status of a borrower loan. The actual return on any Note depends on the prepayment and delinquency pattern of the loan underlying each Note, which is highly uncertain. Individual results may vary. Historical performance is no guarantee of future results and the information presented is not intended to be investment advice or a guarantee about the performance of any Note.

2. “3 Year Rolling Return” is the weighted average three year rolling historical return for loans originated through Prosper’s standard product program, based on loan performance between April 1, 2021 and March 31, 2024 (the “3 Year Performance Period”). To be included in the rolling historical return (“3 Year Rolling Return”) calculation, the loan must either (a) have an active principal balance, or (b) be subject to a cash transaction that affects the loan’s balance, in each case during the 3 Year Performance Period. The 3 Year Rolling Return is based on actual payments (other than principal) received by the investor net of fees and losses (including from charged-off loans) on loans during the 3 Year Performance Period.

We calculate the 3 Year Rolling Return for loans originated through Prosper as follows. First, for each month during the 3 Year Performance Period, we calculate: (a) the sum of the interest paid, plus late fees, minus servicing fees, minus collection fees, in each case on active loans, plus net recoveries on charged-off or defaulted loans, plus net debt sale proceeds on sold loans, minus gross principal losses for each loan that charged-off or defaulted in the month (the “net income amount”); and (b) the sum of the principal balances outstanding on active loans at the end of the month (the “principal balance amount”). We then calculate (x) the “aggregate net income amount” by summing the net income amount for all months in the 3 Year Performance Period, and (y) the “aggregate principal balance amount” by summing the principal balance amount for all months in the 3 Year Performance Period. Finally, we divide the “aggregate net income amount” by the “aggregate principal balance amount”, then annualize the result to get the “3 Year Rolling Return” for the 3 Year Performance Period. For purposes of this calculation, “active” means loans that are either (i) current in payments or (ii) delinquent, provided that delinquent loans that have charged-off or are in default are not considered active. Loans that have paid off are also not considered active.

The Rolling Return calculation (a) is updated quarterly; and (b) excludes the impact of servicing-related corrective non-cash adjustments that may modify the outstanding balance or status of a borrower loan. The actual return on any Note depends on the prepayment and delinquency pattern of the loan underlying each Note, which is highly uncertain. Individual results may vary. Rolling historical performance is no guarantee of future results and the information presented is not intended to be investment advice or a guarantee about the performance of any Note.

Other Important Information

Prosper’s borrower payment dependent notes (“Notes”) are offered pursuant to a Prospectus filed with the SEC. Notes are not guaranteed or FDIC insured, and investors may lose some or all of the principal invested. Investors should carefully consider these and other risks and uncertainties before investing. This and other information can be found in the Prospectus. Investors should consult their financial advisor if they have any questions or need additional information.

Prosper Funding LLC

221 Main Street, Suite 300 | San Francisco, CA 94105

For a limited time get up to 2% cash-back bonus on your investments.

Cash-back bonus tiers

Invest in loans, diversify your portfolio

Support when you need it

Invest in loans,
diversify your portfolio